VAL-D'OR, QUEBEC -- (Marketwire) -- 07/21/10 -- Metanor Resources Inc. (TSX VENTURE: MTO) is pleased to announce that it has engaged Northern Securities Inc. as agent for a best efforts private placement of up to 3,076,923 'flow-through' common shares to be issued at a price of $0.65 per share, for aggregate gross proceeds to Metanor of $2 million.